Just because some founders of the Occupy Wall Street group have decided to launch a financial coop- erative that is not a credit union, doesn’t mean they are against the idea.
Occupy Wall Street activist sees credit union possibly following successful launch of card-issuing Occupy Money Cooperative.
Organizer says raising capital has been sticking point in creating new credit union.
Occupy Money Cooperative prepaid card will have .99-cent monthly charge and interchange will pay for other costs, organizers say.
I became interested in credit unions and cooperatives because they are business models that promote economic justice. I was looking for alternative to the traditional banking system that today appears solely to focus on profits over people.
This past year I traveled 300,000 miles globally. The experience helped me connect dots that have serious consequences for business strategy and succession planning. It also reinforced a central theme that is emerging for all of us on boards: Can we learn as fast as the world is changing?
Occupy Wall Street demonstrations in New York City and across the country continue to grow as organizers seek to keep the momentum going by connecting with credit unions.
Since the Occupy Wall Street movement started more than a month ago, more people are expressing their support for it.
With the Occupy Wall Street movement recently crossing the one month mark, it remains to be seen if any of the protestors’ list of frustrations will be addressed and acted on.
As citizen frustration continues as demonstrated by the growing Occupy Wall Street movement, credit unions may be presented with another chance to show how they can help middle-class Americans meet their financial needs.